FINANCIAL PLAN
Personal Financial Plan for Grade 7 Learners
PERFORMANCE TASK
Name: Date:
Section: Subject:
I. INCOME
(Money you receive)
Source: Amount:
Weekly Allowance: (given by parents or guardians)
Other Income: (e.g., gifts, earnings)
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TOTAL WEEKLY INCOME:
II. FINANCIAL GOALS
(Things you want to buy or save money for in the future)
What do you want to save for? How much will it cost?
1. Emergency Fund:
(ideally 3-6 times the
amount of your weekly
income)
2. Short – Term Goal:
(might take a few weeks
to a few months to
achieve)
3. Long – Term Goal:
(might take a year or
more to achieve)
4. Dream Goal (Optional):
(might take several
years to achieve)
III. SAVINGS
(Money you set aside for your Financial Goals)
Financial Goals Time needed to reach your goal: How much will you save each
(specify the no. of weeks, months, or years) week to reach your goal?
1. Emergency Fund
2. Short – Term Goal
3. Long – Term Goal
4. Dream Goal (Optional)
TOTAL WEEKLY SAVINGS:
IV. EXPENSES
(Money spent weekly for buying or paying for something)
NEEDS WANTS
Specify: Amount: Specify: Amount:
(e.g. school supplies, transportation, (e.g. treats, entertainment, accessories,
lunch/snacks, school fees, etc.) social activities. etc.)
TOTAL NEEDS: TOTAL WANTS:
Total Weekly Expenses:
(Total Needs + Total Wants)
Note: Your Total Weekly Expenses plus your Total Weekly Savings should be less than or equal to your Total Weekly
Income.
• If you have money left over. Add it to your savings.
• If it is equal to zero. It means you have balance budget.
• If it is more than your income, you have a deficit. You can adjust by lessening your expenses on “Wants”.
V. PIE CHART
(A visual representation of where your money goes in a week)
Instruction:
1. Draw a Pie Chart:
• On the space provided, draw a large circle to be divided into 3 categories (slices) representing
“WEEKLY SAVINGS”, “NEEDS”, “WANTS”.
• Before dividing, calculate first each category’s percentage
𝐶𝑎𝑡𝑒𝑔𝑜𝑟𝑦 𝐴𝑚𝑜𝑢𝑛𝑡
Percentage = ( ) × 100
𝑇𝑜𝑡𝑎𝑙 𝐼𝑛𝑐𝑜𝑚𝑒
• Using your knowledge on angles, create an accurate division of the circle to represent each category’s
percentage. You can use protractor to create the pie chart.
2. Label Each Slice:
• Write the category name and percentage on each slice of the pie chart.
• For example, If “Needs” is 20⁒, draw a slice that represents 20⁒of the circle and label it accordingly.
3. Color the Slices:
• Use different colors for each category to make the pie chart visually appealing and easy to understand.
Pie Chart:
VI. REFLECTION
1. What did I learn about managing my money?
2. How will I stay on track with my Financial Plan?
3. What challenges I might face, and how will I handle them?